2014 ETB to MZN Historical Review

YEARLY HIGH

1.6831 MZN

YEARLY LOW

1.5148 MZN

YEARLY AVERAGE

1.5898 MZN

2014 ETB to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ETB to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 22, valuing the pair at 1.6831. Conversely, the yearly low was recorded on September 4, dropping to 1.5148.

This high-to-low spread represents a total annual volatility of 0.1683 MZN. From a start-to-finish perspective, comparing the January average rate of 1.5759 to the December average rate of 1.6408, the exchange rate registered a net change of 4.12% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.6831 was up 1.22% compared to the 2013 peak of 1.6628, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ETB based on timing:

Yearly Peak High 8,415 MZN

2013 Average 7,994 MZN

Yearly Trough Low 7,574 MZN

Transaction Impact: A difference of 841.55 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.6564

1.5206

JanuMarcMayJulySeptNove

ETB to MZN Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 1.6145, compared to 1.5652 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0493 points.

H1 Avg (Jan–Jun) 1.6145

H2 Avg (Jul–Dec) 1.5652

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.1068 MZN (High: 1.6831 / Low: 1.5763). On the other end, August was the most stable month, with a tight range of 0.0107 MZN (High: 1.5391 / Low: 1.5284).

December Spread (Volatile) ±0.1068

August Spread (Stable) ±0.0107

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0401 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0401

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.6408) against the same month in 2013 (average: 1.5687), the exchange rate shifted by +0.0721 (+4.60%).

2014 Avg (December) 1.6408

2013 Avg (December) 1.5687

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6149	1.5595	1.5759
February	1.6830	1.6023	1.6451
March	1.6776	1.6112	1.6415
April	1.6292	1.5885	1.6047
May	1.6186	1.5874	1.6115
June	1.6126	1.5991	1.6082
July	1.6060	1.5420	1.5720
August	1.5391	1.5284	1.5319
September	1.5495	1.5148	1.5334
October	1.5643	1.5412	1.5525
November	1.5849	1.5405	1.5604
December	1.6831	1.5763	1.6408